Dome Petroleum Will Sell Canadian LNG To Utilities In Japan

Dome Petroleum Limited, Nissho- Iwai Corporation, Chubu Electric, Kyushu Electric, Osaka Gas, and Toho Gas recently announced, after a series of discussions in Japan and Canada, that they have concluded a letter of intent for the sale of liquefied natural gas (LNG) from Canada to Japan.

Under the terms of the arrangement, at least one-half of the four vessels required to transport this LNG will be built in Canada. This represents an important industrial benefit to Canada and a valuable addition to Canadian technology.

The amount of this sale is 2.6 metric tons per year of Canadian gas in the form of LNG. Subject to Federal and Provincial Governmental approvals, deliveries are expected to start in 1985. The sale was arranged through Nissho- Iwai to the four utilities who serve more than 45 million customers in Japan. This is an important new and diverse market for Canadian natural gas, which is presently in surplus supply.

Dome Petroleum advised that the purchase of the required gas will be made through the British Columbia Petroleum Corporation, thereby ensuring that all producers of natural gas in British Columbia will share equally in this sale.

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